Best Trading Apps For South African Forex Traders

Installing a mobile app for stock trading in South Africa is an ideal way for investors to monitor their portfolio growth and receive price alerts on stocks of interest.

However, it's essential to select a broker with an intuitive trading platform you can easily comprehend and utilize. Make sure the platform supports all of your desired currency pairs and leverage rates.


Foreign exchange trading (Forex trading) in South Africa has seen a meteoric rise in recent years due to the country's liberal economic environment. According to data provided by the Bank for International Settlements, South Africa's largest Forex market recorded a daily trading volume of US $19 billion in 2017, marking another milestone in this sector's development.

Forex trading can be highly rewarding, but also highly risky. To protect oneself against losing money, investors should make calculated investments with a plan in place and avoid emotions which might cause excessive self-confidence or worry that could lead to impulsive behavior.

Traders must be aware that losses in this business are inevitable and often difficult to overcome. Fortunately, they can learn from their errors and strive to refine their strategies for future success.

To guarantee safety, many brokers provide a selection of payment methods. One popular option is EasyEFT, an emerging online solution that lets you deposit funds directly from your online bank account.

This system is cost-effective and convenient, enabling you to fund your trading account quickly. However, make sure the broker offers this payment option before opening an account with them.

Another option is using a credit card or an account with a major local bank. Although these methods are convenient, they may occasionally be subject to financial regulations in South Africa that could pose obstacles for foreign traders. Thankfully, this issue has become less of an issue over time.

When trading the Forex market from South Africa, it is best to select a broker with local authorization from the FSCA. This will guarantee your funds remain secure and protected under laws of recognized jurisdictions. Alternatively, you could join an overseas-licensed brokerage. Although South African residents aren't prosecuted for trading on offshore websites, it's wise to make sure the company of your choice has adequate regulatory standards in place.


Duplitrade is an acclaimed automated trading platform that enables traders to copy the actions of expert investors. This software has earned the trust of numerous reputable brokerages, and you can use it for trading a range of financial instruments such as commodities, indices and forex.

It provides a range of strategy providers from which to choose, each equipped with impressive amounts of statistical data. This enables you to make an informed decision on which provider best meets your requirements.

You can also use the simulator to evaluate a strategy provider's past performance across various time frames and set-ups. This can help determine whether or not an approach is profitable, so it's worth investigating how a trader has performed historically before making your choice.

Traders can monitor their account and the strategies they're employing. This is an invaluable way to keep tabs on progress and ensure consistency in performance.

Another key benefit of Duplitrade is its 24-hour support. You can reach a representative via email or live chat to get assistance when needed.

The platform also provides educational resources and tools to help users gain insight into the industry. These include video courses and industry news.

Furthermore, it has a social network feature that enables you to follow other traders and share your trading experience. This is an invaluable opportunity to learn from others and hone your trading skills.

Its user interface is straightforward and user-friendly, plus you can even trade using a demo account before investing any real money. Access is possible from any browser as well as various devices like smartphones and tablets.


Avatrade is a top forex broker that provides its traders with competitive spreads and excellent leverage. Furthermore, the broker provides clients with various trading platforms and educational resources to help them better comprehend the financial market and hone their trading skills.

Avatrade's platform offers an extensive selection of charts and tools to monitor market movements and assess data. Furthermore, it gives users access to live trading signals from Trading Central - a renowned technical and fundamental analysis firm.

The Avatrade platform allows traders to trade forex, CFDs and cryptocurrencies. They can deposit and withdraw funds using various methods such as credit card, e-wallets and wire transfer.

The platform is user-friendly and enables clients to make trades within minutes. It provides various order types, such as Market and Pending orders. Plus, there's a free demo account available which enables traders to practice their strategies before risking real money.

Support at Avatrade is provided through their customer service team who are available to answer questions and resolve issues. They can be reached by phone, email, live chat function and WhatsApp for UK residents.

Its support team is available to answer questions related to trading strategies such as scalping and hedging. Furthermore, they can give guidance on how to open a demo account and deposit funds.

Avatrade is overseen by the South African Financial Sector Conduct Authority (FSCA), a government entity that regulates South Africa's financial services industry. Through their oversight, they ensure brokers adhere to anti-money laundering laws and regulations, protecting clients' interests in the process.


SuperForex app provides access to a broad selection of trading instruments, such as currency pairs and CFDs. It utilizes the MetaTrader 4 platform which has become a go-to choice among online traders due to its flexibility, user friendliness, and abundance of analytical tools and expert advisors.

SuperForex also offers a free demo account, which you can use to hone your trading strategy and gain experience before investing real money. Furthermore, SuperForex provides various educational materials like eBooks and an extensive Forex Glossary.

South African traders new to online trading will find this broker an ideal option. There are various account types and reliable deposit and withdrawal methods available for use.

SuperForex allows you to open an account with either credit card, debit card or e-wallet. Deposit and withdrawal funds in any major currency - including ZAR - with a minimum deposit amount of just $1.

If you need assistance, the SuperForex team is available through live chat and email. Their support is available 24 hours a day, 5 days per week.

SuperForex is a socially responsible company. Its staff members strive to promote financial literacy and guarantee all clients have access to its trading services.

SuperForex's website boasts an educational section with free eBooks and videos. Additionally, the company provides distance learning courses and seminars. Furthermore, SuperForex follows a strict anti-money laundering policy, providing separate bank accounts for customers' funds.

SuperForex also strives to enhance the lives of its clients in Botswana through its community investment program. Though not often mentioned in marketing materials, this demonstrates SuperForex's dedication to its customers.


FXCM is a forex trading broker that provides various tools and educational resources to help its users make informed decisions. Their educational offerings range from courses, webinars and seminars, platform tutorials, research tools and an impressive glossary. Furthermore, FXCM also has a market scanner which uses technical indicators to determine when it's advantageous to buy or sell securities.

They boast a solid international reputation and are regulated by the Financial Conduct Authority in the UK as well as several other strict regulatory bodies around the world, such as Australia (ASIC) and South Africa (FSCA). Furthermore, they offer low spreads on forex trading accounts along with an extensive selection of trading platforms.

FXCM offers a range of trading account types to suit different needs, and you can even start with a free demo account to hone your skills before investing real money. Furthermore, FXCM also provides bonuses and promotions for new and experienced traders alike.

South African forex brokers should offer a comprehensive selection of currency pairs and an efficient deposit process. Furthermore, they must have an attentive customer support team that can answer any queries you may have.

They should also offer you account security features to safeguard your personal information against cyber attacks. Furthermore, make sure your broker is registered with a regulatory body such as the Financial Sector Conduct Authority in South Africa; this ensures accountability.

FXCM enjoys an excellent reputation worldwide and is regulated by both the Financial Conduct Authority in the UK, and several other strict regulatory bodies around the world, such as Australia (ASIC) and South Africa (FSCA). Their trading platforms are tailored for both beginners and experts alike; additionally, they provide numerous helpful educational resources. Furthermore, FXCM also publishes a daily newsletter called Before the Bell that offers helpful tips and market analysis from experienced analysts.